The smaller economies of the Association of South-east Asian Nations (Asean) are starting to make their mark in The Banker’s top Asean banks ranking. At least, if not in the main table, in some of the subsidiary tables such as those for Tier 1 growth, return on capital and return on assets.
Vietnam accounts for only 6% of total Tier 1 capital and assets in the ranking and Cambodia for a meagre 0.19% of assets and 0.29% of Tier 1 capital. This is tiny compared to the shares of the heavyweights – for example, in asset terms Singapore has 29%, Malaysia 23% and Thailand 22% and in Tier 1 capital terms Singapore has 29%, while Malaysia and Thailand both have about 20%.
